Meta Financial Group History
Meta Payment Systems is a subsidiary of Meta Financial Group and MetaBank. MPS partners with leading companies to deliver innovative financial products that improve the lives of consumers. They provide proprietary management tools, practical training and unequalled marketing support. MPS roots date back to 1954 in Storm Lake, IA. A gentleman named Stanley Haahr formed the Storm Lake Savings and Loan Association with only $10,000 and a few friends and investors. with a mindset of good customer service, fair treatment of employees, thrifty spending practices and people owning homes, Mr. Haahr grew the meager $10,000 into over $1,000,000,000 in assets today. Through the decades, several mergers and acquisitions were made in Iowa along with a few name changes. In 1993, Meta started trading on the NASDAQ Global Market under the ticker, CASH. In 2004, a significant development in the electronic payment system known as Meta Payment Systems was established across four distinct product lines – credit cards, prepaid cards, ATM’s and Automated Clearing House (ACH) functions. In 2005, all past names and corporate divisions were incorporated into one name, “MetaBank”. Growth ensued and MetaBank evolved into one of the dominant non-traditional bank players in the prepaid product realm. By 2011, MetaBank net income rose to over four and a half billion dollars – great considering the recent economic climate and that MetaBank still has significant retail banking operations.
Meta Payment Systems Noteworthy Facts
MPS was first established in Sioux Falls under the flagship MetaBank in Storm Lake in 2004, and by 2005 became a premier financial competitor in the prepaid markets. In 2006, MPS established some significant software patents that led to over five hundred banks and thirty-six hundred branches selling MPS prepaid gift card products. Growth in 2007 exploded into over 1100 prepaid platforms and almost 36 million issued prepaid debit cards. Record growth continues through 2008, 2009 and 2010 with MetaBank receiving high honors and increased revenues in excess of $106 million. 2010 also marked the 2 billionth ACH transaction through MPS.
The Vision of Meta
Mission Statement:
- Promote financial inclusion for everyone
Values:
- Drive Innovation
- Embrace Change
- Exhibit Integrity
- Exhibit Trust
- Show Respect
- Be Fair
- Help Others Succeed
| About Meta Payment Systems |
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| Stock Symbol: | NGM: CASH (Nasdaq Global Markets) |
| Website: | https://www.metapay.com |
| Corporate Headquarters: | Storm Lake, Iowa, United States of America |
| Address: | 121 East Fifth Street or P.O. Box 1307, Storm Lake, Iowa 50588, Telephone: 712.732.4117, Email: [email protected] |
Meta Payment Systems Debit Cards
 BuyRight.Com
BuyRight.com has come up with a pretty compelling package – a card that let’s you earn tons of reward points (and use them to buy stuff like cell phone minutes, calling cards, etc.). Read More |
 AccountNow Prepaid MasterCard with (No Direct Deposit)
The AccountNow Prepaid MasterCard comes in several options. The option reviewed here is the version which does not require that you use direct deposit. Although we typically recommend using direct deposit (where appropriate), we understand that there are situations where you just want a shopping card or want to use a card for “lighter” use than as your primary banking account. The AccountNow MasterCard without direct deposit may fit your needs. Read More |
| AccountNow Prepaid MasterCard with (Direct Deposit)
The AccountNow Prepaid MasterCard can replace any bank account. When you set up Direct Deposit of your pay or benefits check with your AccountNow MasterCard, you enjoy great savings. Check out this feature packed card right now. Read More |
 READYdebit Prepaid Visa (“Select” Plan)
The ReadyDebit folks have designed a prepaid card program that gives their customers the value of choice. READYDebit Visa cards are offered in three categories – The SELECT plan (this review), the CONTROL plan and the PLATINUM plan. READYDebit is committed to providing their customers superior financial products. Traditional big banking bilks billions every year from their account holders with annoying overdraft and other checking fees. The READYdebit “Select” prepaid Visa debit card can assist you in the elimination of those fees. |
 NetSpend MasterCard Prepaid Card (Fee Advantage Version)
When you are looking for a financially sound, flexible and fast growing prepaid debit card provider, then take a gander at the NetSpend prepaid family of cards. The NetSpend Prepaid Master Card FEE Advantage option gives plastic card customers the benefits of high volume purchase transactions at one low, monthly fee without requiring direct deposit. If you are a low volume transactor, then the “Pay as You Go” plan is more than likely the method you would prefer. “Premier Fee Advantage” also gives consumers a high level of purchase volume with an even lower monthly fee when they sign up for direct deposit. |
 NetSpend Prepaid Visa Debit Card (Premier Fee Advantage Version – with Direct Deposit) The NetSpend Visa prepaid debit card is offered by none other than NetSpend, one of the leading financial players in the prepaid arena. The NetSpend Prepaid Visa Premier Fee Advantage is a robust prepaid financial tool geared toward customers that get a lot of use out of their prepaid card. The NetSpend prepaid product line also comes in a “Pay as You Go” plan and a “Fee Advantage” plan. The Premier plan gives card holders extra benefits when using direct deposit. |
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